Texas Has Billions In Its Rainy Day Fund And Lawmakers Made A Move To Keep It That Way | Latest News RSS feed

Texas Has Billions In Its Rainy Day Fund And Lawmakers Made A Move To Keep It That Way - Latest News


Texas Governor Denies Houston Request For 'Rainy Day Funds'

Texas has a $10 billion economic stabilization ... a constitutional amendment to create the Rainy Day Fund in 1988 following an oil price plunge and economic recession that forced lawmakers to raise t... read more

Texas This Week: Gov. Abbott's emergency items

Nearly every day, about 1,000 people move to Texas ... budget with $119 billion. That's eight percent more than last session. But, there are other things the state has to pay for. For instance, last s... read more

Stark Choice for States: Bank Surpluses, or Spend Them on K-12

Arizona has a $1 billion surplus this year, much of which Gov. Doug Ducey wants to put into savings, a move that's outraged the state's public school community. "If ever there were a way ... fund and ... read more

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Texas Voters Authorize $2 Billion for Water Infrastructure

The move doesn't exactly amount to new money to fund water projects, but it isn't a new tax either. The $2 billion ... state's rainy day fund, which is flush as a result of oil and gas revenue. "Today ... read more


States and rainy days

Those cookie jars that proved so vital when the downturn hit have been depleted. Aside from Alaska and Texas ... of a rainy day fund, Illinois state government has no way to protect against its ceasel... read more

Read Oklahoma Gov. Kevin Stitt's 2019 State of the State

To move ... our Rainy-Day Fund will have approximately $874 million with no additional support from a stabilization fund often seen in oil-rich states. Meanwhile, Texas has $12.5 billion in ... read more

10 Burning Questions After Cuomo’s State of the State and Budget

But it’s become a tradition for him to use maneuvers that move spending ... since that state has put away nearly 10 percent of its operating budget into reserves -- the California rainy day fund is ex... read more

If Proposition 6 Passes, What Comes Next for Water in Texas?

You might have better luck learning about Proposition 6 by asking someone whose job hinges on its ... move $2 billion from the state’s Rainy Day Fund into a new account, that we will refer to as SWIFT ... read more

Paying for Medicaid, schools will be priority for lawmakers

Lawmakers will have to decide what ... from gun rights groups. Texas Gov. Greg Abbott and the Republican-controlled Legislature will be wrestling with whether to tap as much as $5 billion from the sta... read more

How Sempra decided to go all in on natural gas — $10 billion worth

Once at its destination, the LNG is warmed and regasified so it can be used just like existing natural gas. For years, the LNG export market has ... made another bold move — acquiring 80 percent of On... read more

Traffic-Tied Texans Tap Oil and Gas Taxes for Transportation

But Proposition 1 is a relatively painless way to increase transportation funding in the meantime. It will divert half of the state's oil and gas tax revenue that now goes into the its rainy day funds ... read more



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